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Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI push

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Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI push

Business News Tech AI Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI push

Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI push

Recent developments reveal that leading tech firms like Microsoft and Amazon are making substantial job cuts due to the rise of AI technologies. Microsoft has launched a voluntary exit program that may impact approximately 60,000 employees globally. Meanwhile, Amazon has laid off around 30,000 workers as part of a restructuring effort driven by AI advancements.

Microsoft announced on October 26, that it is introducing a voluntary exit programme targeting eligible employees in the US, Canada, India and the UK.Amy Coleman, Executive Vice President and Chief People Officer, shared the communication with Microsoft employees. It was later posted on the company’s blog. “The Voluntary Exit Offer reflects an important part of how we’re evolving our approach to change: creating greater flexibility and, where

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